AI, or artificial intelligence, has made significant contributions to the world of business technology even at this stage of the game. AI can be used to streamline your business’ operations and processes, too. Let’s explore five ways that AI can help a business be more efficient and put forth their best efforts.
Gaining efficiencies inside your business can make a world of difference to how it runs, but also how it is viewed by your customers. An efficient business can do more and react much faster than one that is constantly struggling to streamline things. Let’s look at five things you can do to create a more efficient workflow.
The modern business creates and deals with a lot of data, and has for some time. For most of that time, this data has just been ignored, but recent developments in analytics and business intelligence has made this data extremely valuable. In order for your analysts to make accurate determinations they’ll need access to a wide variety of data from a myriad of sources. This is where data warehousing comes in.
How do you look at your organization’s data? The answer will likely be the same as how you look at your organization. The businesses that do more to use their data to improve their business’ process, policies, and strategies, are the businesses that, by-in-large, are the ones that grow more rapidly and see more operational efficiency. This month, we thought we would look at four ways your business can use their data to actively improve its operations.
IT requires several factors in order to function properly. First of all, it can’t exist without information, and this information can’t exist without data. Technology is what creates data so that your company can take advantage of changes in the industry and business environment. It might seem like a lot to take in, but understanding the flow of data is necessary for a business owner. Otherwise, you won’t be able to take advantage of it to jumpstart sales and profitability.
Does your business know how much of its data is valuable and used? According to IDG Research Services, not much of it is really used for anything. Only about 28 percent has any real value to it. This means that the majority of your stored and maintained data is going unused and taking up space and resources. This information is called "dark data."
The other day, we introduced you to "the most connected human on Earth", Chris Dancy, and his story. Dancy had lost his job due to corporate downsizing, which in turn led the former IT manager to use his knowledge for the study of quantitative technologies and systems as part of a "quantitative life existence." In this second installment of our interview, Chris is going to explain how you too can lead a similar lifestyle.
